Service and Maintenance Paces Systems Integration Revenue Growth
Service revenue in the Americas accounts for 63% of total security systems integration revenues, IHS Markit says.
Service revenue in the Americas accounts for 63% of total security systems integration revenues, IHS Markit says.
The Americas dominated the global Security as a Service market in 2015, capturing 65% of the overall market share.
Home security cameras, along with Internet-connected cars, are the biggest fears for Americans when it comes to hacking.
The commercial sector holds the largest portion of the installed base in 2016 with 495 million units or 21.6% share.
These findings come from a survey conducted by Coldwell Banker Real Estate LLC and Parks Associates.
The numerous, closed ecosystems and devices in the smart home industry is also inhibiting growth.
The research firm Parks Associates suggests that insurance companies are ‘quickly emerging as a key player in multiple smart home ecosystems.’
An increased focus by healthcare facilities to adopt a failsafe patient identification system is considered the major driver of the healthcare biometrics market.
The study, conducted by August Home, found the vast majority of vacationers and business travelers would prefer a rental with smart home technology.
Electronic locks are projected to be the fastest-growing segment of the access control market.